Redstone Federal Credit Union

Redstone Federal Credit Union (or RFCU) is a federally chartered credit union based in Huntsville, Alabama. Redstone Federal Credit Union is currently Alabama's largest credit union and is regulated and insured through the National Credit Union Administration (NCUA).[1] Redstone Federal Credit Union operated 27 branches across Alabama and Tennessee as of December 2021. Redstone Federal Credit Union is currently ranked as the 35th largest credit union in the United States by assets[2] as of December 2021.

"RFCU" redirects here. For the credit union formally known by that acronym, see Rogue Credit Union.
Redstone Federal Credit Union
TypeCredit Union
IndustryFinancial services
Founded1951
HeadquartersHuntsville, Alabama, United States
Area served
North Alabama/Central Tennessee
Key people
Joseph H. Newberry, President and CEO
ProductsSavings; Checking; Consumer loans; Mortgages; Credit cards; Investments; Insurance; Small business financing; Cash management
Total assets$3.8B+ USD
Number of employees
750
SubsidiariesRedstone Services Group, LLC; Redstone Title Services
Websitewww.redfcu.org

History

Redstone Federal Credit Union opened on November 28, 1951, in order to serve employees of the Redstone Arsenal. The credit union's initial membership consisted of eleven individuals with assets totaling $55.[3] Membership eligibility has now expanded to include over 1,500 clubs, organizations, and employers.

In 2018, Redstone Federal Credit Union was recognized as the Credit Union of the Year by the National Association of Federally Insured Credit Unions.[4]

Services

Products and services offered by Redstone Federal Credit Union include savings and checking accounts, small business financing and cash management solutions, and investment and insurance services. The credit union also contains a real estate department which offers mortgage products and home equity loans. Redstone Federal Credit Union members also have access to over 75,000 ATMs located throughout the United States.

References
  1. "Alabama Credit Unions". NCUSO.org. Retrieved 2023-09-26.
  2. "Top 100 U.S. Credit Unions by Asset Size". Retrieved September 16, 2010.
  3. "Redstone Federal Credit Union". Archived from the original on 2015-09-11.
  4. "Redstone Federal Credit Union wins Credit Union of the Year". WHNT.com. Nexstar Media Inc. 20 June 2018. Retrieved 19 June 2022.
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